Analytics News and Market Forecast

H4 price is on bearish market condition for the secondary ranging within the following key reversal levels:
1.0830 resistance level located near Ichimoku cloud and 'reversal' Sinkou Span line on the border between the primary bearish and the primary bullish trend on the chart, and
1.0674 support level located far below Ichimoku cloud in the bearish area of intra-day chart.
There is intermediate support level on the way to key 1.0674 support - this level is 1.0707: if the price breaks this level from above to below so the bearish trend will be continuing with 1.0674 as a good bearish target.
Chinkou Span line is located to be near and above the price indicating the local ranging uptrend by direction.


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Weekly price is on primary bullish market condition for the secondary ranging located above Ichimoku cloud between the following key reversal support/resistance levels:
5267.5 resistance level located far above Ichimoku cloud in the bullish area of the chart; if the price breaks this level so we may see good bullish breakout; and
4226.0 support level located far below Ichimoku cloud in the bearish area of the chart; if the price breaks this level so the bearish breakdown may be started.
There are intermediate support/resistance levels which the price should cross on the way to the reversal levels:
5008.0 resistance level located near the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish trend will be continuing with the secondary ranging condition; and


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UBS Group made a medium-term forecast for NZD/USD estimated to sell at 0.65 with 0.66 stop loss value. Let's evaluate this forecast with the technical point of view.
NZD/USD: bearish ranging for breakdown. The pair is on bearish market condition for the ranging within 0.6895 resistance level and 0.6102 support level: the price is trying to break 0.6436 intermediate support from above to below for the bearish trend to be continuing.
if the price breaks 0.6436 support level from above to below so the bearish trend will be continuing up to 0.6102 as the next bearish target;
if the price breaks 0.6102 support level from above to below so we may see the bearish breakdown with S3 Pivot at 0.6029 as the target;
if the price breaks 0.6895 resistance level from below to above so we may see the local uptrend as the secondary market rally within the primary bearish market condition;


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EUR/USD: ranging on reversal. The pair is waiting for direction for ranging near 100 period SMA (100 SMA) and 200 period SMA (200 SMA) within the following key support/resistance level:
1.0757 resistance level located above 100 SMA/200 SMA in the bullish area of the chart, and
1.0713 support level located below 100 SMA/200 SMA in the bearish area.
RSI indicator is estimating the intra-day bullish reversal for the pair by direction.
if the price breaks 1.0757 resistance so the price will be on the primary bullish market condition;


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Societe Generale made a fundamental forecast telling the the peak for Dollar Index (the highest value) will be in late 2016 or early 2017. Let's evaluate this forecast with the technical point of view.
Weekly price is on bullish market condition for ranging between R1 Pivot at 95.23 and key resistance level at 100.39. The price is breaking R2 Pivot at 99.31 from below to above for the 100.39 as the next bullish target.
Instrument
S1 Pivot
Yearly PP


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Bank of Tokyo Mitsubishi made a forecast for USD/JPY estimating the price for Q3 2016 at 112.00 with short-term ranging within 121.00 - 124.00, and this firecast was made based on fundamental analysis. As to technical analysis so, as we see from the charts below - the price is on primary bullish market condition with…

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Credit Agricole made a fundamental forecast for Gold for November this year predicting the bearish market condition to be continuing. As we see from the chart below - XAU/USD is on primary bearish to be below 100 SMA/200 SMA for 1085.44 support level to be crossed from above to below for the bearish trend to be continuing. And 1077.19 is the next bearish target for November. By the way, the bullish key reversal level is 1339.93, and if the price breaks this level from below to above so the reversal of the price movement from the primary bearish to the primary bullish will be started.
Anyway, 977.50 may be the real bearish target for Gold (XAU/USD) for the next two months for example.
if the price breaks 1085.44 support level on close weekly bar so the bearish trend will be continuing;
if the price breaks 1077.19 support level so we may see the bearish breakdown with S2 Pivot at 977.50 as the next bearish target;
if not so the price will be moved within the channel.


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Crude Oil: bearish breakdown. The price is on primary bearish market condition located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA). The price broke 46.22 support level from above to below for 42.18 as the next bearish target.

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W1 price is continuing with bullish trend: the price broke symmetric triangle pattern to above for the primary bullish market condition to be continuing. The price is ranging within the following key support/resistance levels:
2.7578 support level located above Ichimoku cloud near the border between the primary bearish and the primary bullish trend, and
3.0745 resistance level located to be above Ichimoku cloud in the primary bullish area of the chart.
Absolute Strength indicator is estimating the secondary corerection to be started.
If the price will break 2.7578 support level so the secondary correction will be started within the primary bullish condition with the good possibility to the breakdown of the price movement to the primary bearish market condition.


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XAG/USD is on bearish market condition to be below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for 14.26 support level to be crossed from above to below for the bearish trend to be continuing. And 13.96 is the next bearish target for November. By the way, the bullish key reversal level is 17.75 resistance, and if the price breaks this level from below to above so the reversal of the price movement from the primary bearish to the primary bullish will be started.
Anyway, 13.96 may be the real bearish target for Silver (XAG/USD) for the next two months for example.
if the price breaks 14.26 support level on close weekly bar so the bearish trend will be continuing;
if the price breaks 13.96 support level so we may see the bearish breakdown with S1 Pivot at 12.66 as the next bearish target;
if not so the price will be moved within the channel.


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